cost of calls, page-63

Crazy thought, but perhaps there is no need for immediate capital. They completed an R&D return and should now have enough to kick through the next few months, depending on marketing spend.

You can't skimp on marketing spend in this industry. Spending approx $2mill a quarter. Cash at end of December was $2.7mill. Same spend would mean now $0.7mill as at end of March. R&D tax claim around $1mill (has it been received yet?). Whichever way you look at it they're into their last quarter of cash on hand.

They need money and the market knows it.